03.10.21

Press Releases

The City of Phoenix expands transit service with 30 additional Xcelsior® clean diesel buses from New Flyer

St. Cloud, Minnesota, USA – March 10, 2021: (TSX: NFI) New Flyer of America Inc. (“New Flyer”), a subsidiary of NFI Group Inc. (“NFI”), one of the world’s leading independent global bus manufacturers, today announced that Phoenix Public Transit Department (“PTD”) has exercised options under its joint contract with the Valley Metro Regional Public Transportation Authority (“Valley Metro”) for 30 forty-foot Xcelsior® clean diesel heavy-duty transit buses, converted from New Flyer’s backlog.

PTD is the largest member of the Valley Metro RPTA, delivering more than 34 million bus trips per year in the City of Phoenix. The order, supported by Federal Transit Administration funding, is the second procurement for the City of Phoenix from a five-year contract awarded in 2017 for up to 403 buses, and replaces end-of-life buses in support of Phoenix’s 35-year Transportation 2050 plan to improve transit service.

“With nearly 1,000 buses delivered to PTD since 1994, the City of Phoenix has counted on New Flyer for reliable mobility; now adding 30 more buses to support its expanding public transit network,” said Chris Stoddart, President, New Flyer. “With clean diesel technology that filters emissions and ultimately reduces NOx by 95%, our buses continue to deliver safe, reliable, and efficient mobility for the greater Phoenix community.”

New Flyer’s clean diesel technology combines ultra-low sulfur diesel fuel, advanced engines, and effective emissions controls, resulting in a highly efficient and virtually smoke-free engine that can achieve lower emissions, reduce greenhouse gases, and reduce the cost of bus operation. For more information visit newflyer.com/buses/xcelsior-family.

New Flyer has been leading innovation in mobility for 90 years, and today supports growing North American cities with sustainable buses, technology, and infrastructure. It also operates the Vehicle Innovation Center, the first and only innovation lab of its kind dedicated to advancing bus technology and providing essential workforce development through electric bus training, now available online. New Flyer is now testing automated vehicle technology, and remains committed to the development of technology standards that deliver safe, clean, sustainable, connected mobility options to transit agencies, operators, passengers and communities across North America.

About NFI

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation.

With 8,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motor coaches), Alexander Dennis Limited (single and double-deck buses), Plaxton (motor coaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 105,000 buses and coaches around the world. NFI common shares are traded on the Toronto Stock Exchange under the symbol NFI. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, www.arbocsv.com, www.alexander-dennis.com, and www.nfi.parts.

About New Flyer

New Flyer is North America’s heavy-duty transit bus leader and offers the most advanced product line under the Xcelsior® and Xcelsior CHARGE™ brands. It also offers infrastructure development through New Flyer Infrastructure Solutions™, a service dedicated to providing safe, sustainable, and reliable charging and mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are powered by electric motors and battery propulsion and 1,900 are zero-emission. Further information is available at www.newflyer.com.

Forward-Looking Statements

This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI Group that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions and economic conditions of and funding availability for customers to purchase buses and to purchase parts or services, customers may not exercise options to purchase additional buses, the ability of customers to suspend or terminate contracts for convenience and the other risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedar.com. Due to the potential impact of these factors, the NFI Group disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

For media inquiries, please contact:
Lindy Norris
P: 320.406.3386
Lindy_Norris@newflyer.com

For investor inquiries, please contact:
Stephen King
P: 204.224.6382
Stephen.King@nfigroup.com